Innovation + mainnet launch + 85% circulating supply + the market's heating up → it’s like buying $DOT at $0.1!
While researching data availability blockchains, I noticed that Chromia has a significantly lower market cap than its competitors.
Interestingly, its circulating supply is almost 100%, meaning there’s no risk of dilution, unlike $TIA .
This isn’t surprising, as Chromia is still relatively young and hasn’t fully completed its mainnet yet.
However, they are innovative and actively developing, making it the Layer 1 data availability blockchain with the most potential.
Chromia is built from the ground up using their proprietary Rell language, with a strong focus on database structure.
The main advantage is the ability to query data in real-time on-chain without relying on indexers like @The Graph .
This enables hundreds of reads and writes in a single transaction.
They are pioneers in this innovation, which has opened up many use cases.
Chromia is designed for complex applications that require extreme scalability, such as:
• Fully on-chain games
• Real World Asset projects entirely on-chain
• AI and storage projects
They’ve already integrated @My Neighbor Alice into their mainnet.
On July 16, 2024, Chromia announced its first mainnet phase, the "MVP Mainnet," which was a big success.
So far, the stats are impressive, with over 2 million transactions recorded across active dApps.
During Token2049, they revealed the "Asgard" upgrade, leading to the full mainnet launch scheduled for Q4 2024.
This upgrade is set to bring Chromia closer to its final product, which has been years in the making.
The Asgard mainnet will introduce exciting new features.
One of the key introductions will be "Extensions," which are customizable containers that can be used by Chromia dApps or even external protocols (e.g., EVM chains) using Chromia as a utility layer.
This allows certain chains to leverage Chromia’s core capabilities more effectively.
The first Extensions will include:
• Oracle feeds
• AI computation
• Data availability
• Zero Knowledge proofs
These Extensions will enhance native Chromia dApps but can also be used externally, such as building applications on Ethereum.
As you know, the success of a Layer 1 depends on the applications built on top of it.
That’s why Chromia is launching a $20M fund for founders building AI and data-centric solutions on Chromia.
They’ve already started accepting grant applications, which could be interesting for developers.
Their roadmap has also been updated with:
• Native staking on Chromia L1 – Q3 2024
• Enhancements to the Chromia canonical bridge – Q3 2024
• Chromia Asgard Upgrade – Q4 2024
• Oracle Extension Pilot – Q4 2024
• AI Extension Pilot – Q1 2025
As you can see, significant developments are expected by the end of the year.
In summary, Chromia has announced several key points that present opportunities for users and developers.
For users:
• Interact with the Chromia Asgard Mainnet
• Stake $CHR on Chromia L1
• Engage with Chromia’s top applications
CHR holds great potential compared to its competitors, with nearly the entire supply in circulation.
For developers:
• Build applications on Chromia with access to grants and support (a total of $20M will be granted)
• Deploy your own Extension
• Run a node
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